NIc Green
Financing a Property That Has an ARV under $100,000
Hello Investors!
Found a property for $25K. That includes a 1,900 sqft house that sits on a 1 acre lot. The repairs will cost about $35K. The ARV/Fair Market Value is $85-$90K.
I know most hard money lenders want t...
Account Closed
Looks like a good deal to me, but.........
I have a home in the Charlotte NC area that is going for $139k. Im looking at 2,500sqft with appliances in the house in good condition. The cashflow is sitting around $911 a month. The house is amazing. The issues is ...
Sonya Hopson
Looking at possible purchase and need hard money loan info
Hi,
I have found what I think may be a great deal and the homeowner wants cash asap. I haven't mortgaged anything in over 30 years but remember it taking awhile. How does the hard money lending work? i know its a h...
CJ Moulton
What happens to the remaining balance after a home is auctioned for a lower price?
Hello All,Recently I have been reading up on Foreclosures, and I went online to look at some foreclosed properties (Auction.com), but there's something I don't quite understand...I noticed that the starting bid for a ...
Kevin Suksi
Establishing Business Credit
We have an LLC which is about 9 months old and are trying to establish business credit. I have gathered from other postings that you want to try to get 5 trade lines established and that the business must be at least...
Kaylee Bonacci
Owner Occupied Private Money/Hard Money
I have been reading these posts for awhile and have found them to be very educational. Someday i hope to be on the investor side but for now i need one. The short story...is it impossible to find private or hard money...
Jimmy Booth
Financing For Total Rehab in Detroit
I am trying to find a lender for investment properties in the Detroit area. Most of the properties I have been interested in are less than $15k but require significant work. I have come across some companies that woul...
Liam Morris
First Flip - Borrowing Questions
Planning to do our first flip in the next couple weeks. Taking an unsecured loan from the bank, savings, and borrowing money from 1-2 friends. What advice do you have for making sure the friends’ investments are secur...
Joseph A.
Having trouble accessing equity in a property
I have a property that I own free and clear and would like to do a cash out refinance. I have a unique situation that I'm having issues with. I have lenders willing to do a cash out refinance but I don't have W2 incom...
David Stone
Our first investment: the Elma house
Investment Info:
Single-family residence buy & hold investment in Elma.
Purchase price: $34,900
Cash invested: $30,000
Right in the heart of Elma, this neighborhood home has been tastefully remod...